Stocks falling to new 52 week lows on August 22 are Isoftstone Holdings Limited, E-Commerce China Dangdang Inc. , The Chefs' Warehouse, Inc, Power-One Inc, and MGIC Investment Corp. Investors are selling the stock and pushing it lower because they may think that these stocks were overvalued. This could be caused by earnings not meeting expectations, investor speculation, or a fall in market growth.
Shares of Isoftstone Holdings Limited (ISS) traded higher by 1.69% or $0.16/share to $9.6. In the past year, the shares have traded as low as $9.27 and as high as $22.63. On average, 393410 shares of ISS exchange hands on a given day and today's volume is recorded at 201405. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $12.86 area but be careful because the stock may face selling pressure at this level.
Shares of E-Commerce China Dangdang Inc. (DANG) fell by 11.93% or $-0.96/share to $7.09. In the past year, the shares have traded as low as $7.77 and as high as $36.40. On average, 4235270 shares of DANG exchange hands on a given day and today's volume is recorded at 2556082. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $11.07 area but be careful because the stock may face selling pressure at this level.
Shares of The Chefs' Warehouse, Inc. (CHEF) fell by 5.51% or $-0.84/share to $14.4. In the past year, the shares have traded as low as $15.21 and as high as $18.50. On average, 560610 shares of CHEF exchange hands on a given day and today's volume is recorded at 56757. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $16.97 area but be careful because the stock may face selling pressure at this level.
Shares of Power-One Inc. (PWER) fell by 5.29% or $-0.35/share to $6.27. In the past year, the shares have traded as low as $6.55 and as high as $12.93. On average, 2599100 shares of PWER exchange hands on a given day and today's volume is recorded at 1270670. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $7.55 area but be careful because the stock may face selling pressure at this level.
Shares of MGIC Investment Corp. (MTG) fell by 7.37% or $-0.14/share to $1.76. In the past year, the shares have traded as low as $1.80 and as high as $11.79. On average, 7138830 shares of MTG exchange hands on a given day and today's volume is recorded at 4136629. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $4.75 area but be careful because the stock may face selling pressure at this level.
